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20121007
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Search Results 0 to 19 of about 20 (some duplicates have been removed)
this number at all. leading the band is the legendary ceo of general electric, jack welch. jack, you made a lot of news today. here's the tweet you put out this morning. unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. and i'm just wondering, i understand the way it works the president gets a heads up on the unemployment number 4:00 the day before and has to keep it to himself. you're saying in your tweet this morning that the news went the other way, the people working for the president somehow got the bureau of labor statistics and played with the numbers so it's down below 8 today. how does it work from your perspective? what happened here? >> all i can talk about are some of the numbers. we had 600,000 government jobs added in the last two months. we had 873,000 jobs by a household survey, which is a total estimate, from 50,000 phone calls. of those 600,000 were temporary workers. chris, these numbers are all a series of assumptions. tons of assumptions. and it just seems somewhat coincidental that the month before the election the numbe
in conservative corners were arguing about the actual numbers. jack welch had a tweet about unbelievable jobs numbers, the chicago guys will do anything, can't debate because they change the numbers. he was on "hardball" with chris matthews and this is how he explained what's behind this analysis. >> i've reviewed 14 businesses this week from restaurants to rental cars, to widgets. i have seen everybody with a, a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a gdp going at 4% to 5%. the second quarter was downgraded from 1.7 to 1.3. the third quarter is not going to be very strong. it just defies the imagination to have a surge larger than -- any surge since 1983, a month before the election. i leave it to you to do all the analysis. >> you know -- >> one of the most important ceos of america, formerly of general electric does this ring true to you, speaker? >> actually since it's a survey, is this outside the statistical bounds of their survey, which is plausible, but irrelevant. what's interesting is you have a president, w
some were arguing about the actual numbers. jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation. he was on "hardball" with chris matthews and this is how he explained it. >> i've reviewed 14 businesses this week. from restaurants to widgets. i have seen everybody with a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a g.d.p. going at 4% to 5%. the second quarter was downgraded from 1.7% to 1.3%. the third quarter is not going to be very strong. it just defies the imagination to have a surge larger than any surge since 1983 a month before the election. i leave it to you to do all the analysis. >> one of the most important ceos in america. formerly of general electric. does this ring true? >> well, it rings true to me. since it's a survey, is this outside of the statistical bounds of their survey, which is plausible but irrelevant. but you have a president who says last budget got zero
. was the five-year-old tape really news and jack welch acushion the obama team of cooking the books on the latest jobs fegs. really? ♪ [ male announcer ] one in six. that's how many struggle with hunger in america. ♪ but what if there was a simple way to feed those in need? now, there is. shop walmart for select brands' low prices through october 12th and you help secure meals for local families. go to walmart.com/hunger and learn more about how you can join the fight. because hunger is a big probm and it needs a big answer. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let
. it raised some suspicions among governor romney's allies. on friday morning, jack welch, the former chairman of ge said unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july. our unemployment rate has come down because for -- since president obama took office, for every new job created, more than six workers have left the labor force. if labor force participation was what it was when the president took office, unemployment would be around 10.7%. these jobs that were added in september were largely part-time jobs. so we still have 23 million americans -- that number has not changed at all -- who are either unemployed or out of work entirely or are underemployed working or out of the workforce entirely or un
on twitter from former head of ge, jack welch. >> welch is one of america's most rebe inspected former ceo's. so when he tweets, people tend to listen. within minutes of the jobs report he tweeted quote, unbelievable jobs numbers. this chicago guys will do anything, can't debate so change numbers and facing a torrent of criticism for that. welch stopped by his tweet and those numbers. >> this whole number is made up of a whole mess of an assumptions who is participating and who is not working and who is trying to work, but dropped out. all of these things, it just raises the question, oh, i think there ought to be a good discussion about how this number is calculated. >> and most analysts aren't dismissing his crimsism as utterly without evidence and at the same time pointing out that the jobs numbers reflect an obama policy that has the economy stuck in neutral. >> they had full charge of the first two years and the policies that this president put into place actually made it worse, including the fact that obamacare is actually, you ask small employers, it's causing them not to hire becau
. doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is participating, who is not working, who is trying for work, who has dropped out. it just begs the question. i think there ought to be a good discussion how this number is calculated. >>reporter: most analysts and the obama campaign are dismanage the criticisms as "without evidence." >> we wonder why institutions in this country are, the perception of institutions are failing, because people go on tv and make sufficient h stuff -- make stuff up. >> they had full charge of the first two years and the policies this president put into place actually made it worse, including the fact that obamacare is tale, if you ask employers,
in the an employment rate on just 114,000 jobs growth in the month surprising to jack welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to 7.8%, and the use the most of tiles survey, the household survey. gerri: we will get to that. >> 400,000. gerri: can these numbers be sai's? >> i don't think they can. we have had rumors of bls massaging numbe
on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment data released attribute the decline to a big increase in part-time work. people looking for full-time jobs unable to find them and they are settling for part-time jobs. there were some 582,000 new part-time jobs created last month. the bureau of labor statistics categorizes the number as "part time for economic reasons." not exactly a vote of confidence in the state of the economy, shannon. >> shannon: all right, doug. a lot more on the numbers. we will break them down later with ben stein, well known economist and author and humorist as well. we might need a little bit of that. thank you, doug. is the lower unemployment number going bolster president obama's reelection bid or be ammunition for
his anniversary on the night of the debate. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points accord to go what karl rove was talking about, 49-50%. and looking at virginia, and there mitt romney has pulled ahead of president obama 49-48% within the mar begin of error, but definitely experiencing a debate bounce. and speaking of which, let's talk about the money they have been able to raise because this plays into how people are feeling after the debate as well. in just the 48 hours since the debate, mitt romney has been able to raise 12 million dollars online and just staggering numbers. >> peter: at the same time, the president announced that they raised 181
Search Results 0 to 19 of about 20 (some duplicates have been removed)